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CME Group Reports Second-Highest March and Quarterly ADV on Record

CME Group reported a 24% ADV growth in March 2023 and a 4% rise in Q1 to present their second highest quarterly volume. 


April 4, 2023 - CME Group a derivatives marketplace reported its March and Q1 2023 market statistics, showing average daily volume (ADV) increased 24% to 30.3 million contracts in March, representing the company's second-highest March ADV on record. Q1 ADV increased 4% to 26.9 million contracts, the second-highest quarterly volume ever. 


Details of the figures for March 2023 ADV across asset classes include:



Additional March 2023 product highlights compared to March 2022 include:


  • Interest Rate ADV increased 40%
    • Record SOFR futures ADV of 5,158,969 contracts, with record open interest (OI) of 10,979,379 contracts on March 9
    • Record SOFR options ADV of 2,943,422 contracts, with record OI of 45,169,674 contracts on March 9
    • Record 30-Day Fed Fund futures ADV of 821,131 contracts
    • Record 5-Year U.S. Treasury Note options of 406,365 contracts
    • 2-Year U.S. Treasury Note options ADV increased 2,926%
    • 5-Year U.S. Treasury Note futures ADV increased 35%
    • 10-Year U.S. Treasury Note futures ADV increased 19%
  • Options ADV increased 46%
    • Record Interest Rate options ADV of 4,438,990 contracts
    • Equity Index options ADV increased 39%
    • Foreign Exchange options ADV increased 29%
    • Metals options ADV increased 23%
  • Equity Index ADV increased 13%
    • E-mini Nasdaq-100 options ADV increased 60%
    • E-mini S&P 500 futures ADV increased 29%
    • E-mini Russell 2000 futures ADV increased 19%
  • Agricultural ADV increased 11%
    • Record Feeder Cattle futures ADV of 19,100 contracts
    • Soybean Meal options ADV increased 90%
    • Lean Hog futures ADV increased 27%
  • Foreign Exchange ADV increased 17%
    • Record Mexican Peso futures ADV of 105,498 contracts
    • Japanese Yen futures ADV increased 36%
    • Canadian Dollar futures ADV increased 23%
  • Metals increased 12%
    • Aluminum futures ADV increased 345%
    • Copper futures ADV increased 46%
    • Gold options ADV increased 17%
  • Bitcoin futures ADV increased 51%
  • Ether futures ADV increased 46%


Micro E-mini futures and options represented 34.3% of overall Equity Index ADV, Micro 

ADV outside the United States increased 20% to 8.4 million contracts, including 44% growth in Latin America, 19% in Asia and 21% in EMEA.


WTI Crude Oil futures accounted for 4.8% of overall Energy ADV, Micro Bitcoin futures accounted for 0.1% and Micro Ether futures accounted for 0.1% of overall Equity Index ADV.


BrokerTec European Repo average daily notional value (ADNV) increased 10% to €372B and U.S. Repo ADNV increased 1% to $289B


Q1 2023 highlights across asset classes compared to Q1 2022 include:

  • Record Interest Rate ADV of 14,489,970 contracts, an increase of 16% year-over-year
    • Record SOFR futures ADV of 3,907,864 contracts
    • Record SOFR options ADV of 2,428,682 contracts
    • Record 5-Year U.S. Treasury Note futures ADV of 1,568,475 contracts
    • Record 30-Day Fed Fund futures ADV of 601,203 contracts
    • Record Ultra 10-Year U.S. Treasury Note futures ADV of 481,782 contracts
  • Record Options ADV of 5,810,179 contracts, an increase of 26% year-over-year
    • Record Interest Rate options ADV of 3,831,676 contracts
    • Record Equity Index options ADV of 1,336,710 contracts
    • Metals options ADV increased 23%
  • Foreign Exchange ADV increased 7%
    • Japanese Yen futures ADV increased 33%
    • Mexican Peso futures ADV increased 32%
  • Metals increased 9%
    • Record Copper options ADV of 8,633 contracts
    • Record Micro Copper futures ADV of 5,571 contracts
    • Record Aluminum futures ADV of 3,963 contracts
  • Bitcoin futures ADV increased 26%
  • Ether futures ADV increased 14%
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